The idea of calculating in parts of 100 goes back to ancient Rome. Emperor Augustus imposed a centesima rerum venalium — a 1/100 tax on all goods sold at auction. Roman merchants did their math in fractions of 100 because the Roman numeral system didn't handle decimals well.
As trade moved through medieval Italy, merchants in Florence and Venice started writing "per cento" (per hundred) in their ledgers. Over time, scribes shortened it: "p. cento" became "p. 100," then "p.co," and eventually the two zeros merged into the % symbol we recognize today.
The first recorded use of the modern percent sign appeared in a 1425 Italian manuscript. By the 1600s, the symbol had spread across Europe. French and German mathematicians adopted it, and it became the standard way to express a ratio, proportion, or fraction as a value out of 100.
Today, the percent sign is used in every country. It appears in statistics reports, on tax forms, in interest rate disclosures, on nutrition labels, in weather forecasts, and inside every calculator app on every phone. The math hasn't changed since Rome — just the notation.